TRADING

CONTENTS

GENERAL

The complete trading functionality of eXion.IO is concentrated at the Trade webpage. Here, users make the main operations on buying and selling cryptocurrency in the trade pairs existing on the stock exchange. The list of trade pairs is offered as a vertical column in the left part of the screen. Above and below it, there are switches the scroll it, as the number of trade pairs can be more than it is possible to display on your device’s screen. The current exchange rate of the currency is given below the trade pair abbreviation. The exchange rate is the price of one unit of the trade pair’s first currency in the units of the second currency. For example, for the trade pair BTC:UAH the exchange rate of 5,500.00 means that 1 Bitcoin costs 5,500.00 Ukrainian hryvnias. The exchange rate is calculated in real time as an average based on the 10 latest deals on this trade pair and has got merely recommendation character. Most important is the Order Book, which is described in chapter 4.

To begin trade operations, a user shall select the necessary trade pair by clicking on it. The selected trade pair is always represented in red letters. The Trade webpage will show the forms for the Sell and Buy operations for this trade pair, its Order Book and the list of open positions on this pair if it exists.

For trade operations, a user can use only the funds one deposited to the personal account at eXion.IO. For instance, for the trade pair BTC:UAH when selling Bitcoin the user shall have the necessary amount in Bitcoin, and while buying Bitcoin the user shall have the required amount in hryvnia for completing the deal. See the definitions of the currencies in the List of Currencies chapter. More details on depositing funds to an account at eXion.IO are available at Operations with Fiat Currencies and Operations with Cryptocurrencies.

SELLING CRYPTOCURRENCY

To sell cryptocurrency, the SELL form is used. It offers two fields for information input and two calculated fields, which create a sell order after the SELL button is pressed. As a result, a selling position will be created on this trade pair and the Order will get into the Order Book. Simultaneously with that, the user’s account will be debited with the amount in cryptocurrency that has been indicated in the Order.

List of fields:

Qty - quantity of the Order. Amount of units of the trade pair’s first currency. For the trade pair BTC:UAH this will be Bitcoin. There is a limit for the minimum amount of cryptocurrency in the Order, as well as the maximum precision of the cryptocurrency (maximum number of decimal’s digits). Maximum precision equals to the minimum fraction of the cryptocurrency sold. For each cryptocurrency, it is different. The minimum quantity of the Order is regulated by the limits set at eXion.IO. For every trade pair it is different. Details about the limits can be found at the Finance page in the Limits and Fees chapter. To form an Order, a user shall have enough funds for this.

Price - price of the Order. This is the price of the sold currency in units of the trade pair’s second currency. For the trade pair BTC:UAH this will be hryvnia. There exists a limit for the maximum precision of the cryptocurrency’s price (maximum number of decimal digits) in the Order. Maximum precision equals to the minimum amount in the trade pair’s second currency. For a fiat currency, it equals to 0.01, while for every cryptocurrency it is individual depending on the currency itself.

COST - value of the Order in units of the trade pair’s second currency. This value is calculated by multiplying the quantity of the Order by its price. The Order’s cost rounding (maximum precision) depends on measurement units. For all financial calculations, eXion.IO uses the policy of rounding in favor of the Platform. eXion.IO rounds fiat currencies to two decimal digits. Rounding policy for cryptocurrencies varies depending on cryptocurrency itself. More details on rounding policy is available in chapter 14 of the Terms and Conditions.

FEE - transaction fee (commission) on the Order in units of the trade pair’s second currency. This value is calculated by multiplying the Order’s cost by the commission of the trade pair’s second currency. For the trade pair BTC:UAH, commission will be withheld in hryvnia. Transaction fee (commission) shall be withdrawn from the amount of funds (either cryptocurrency or fiat currency), which will settle to the user’s account when a position is closed (deal made).

For every currency in the trade pair, as well for every trade pair, individual commission fees are set. Additionally, there exist user’s personal discounts for every trade pair set for the volumes of trade at eXion.IO for each pair separately. More details on commission fees for the trade pairs are available at the Finance page in the Limits and Fees section, or in chapter 13 of the Terms and Conditions.

Rounding of transaction fees (maximum precision) of the Order depends on units. For all financials settlements, eXion.IO uses the policy of rounding in favor of the Platform. eXion.IO rounds fiat currencies by two decimal digits. The rounding policy for cryptocurrencies varies depending on the cryptocurrency. More details on rounding policy are available in chapter 14 of the Terms and Conditions.

Minimum commission for the Order equals to the minimum amount in the trade pair’s second currency. For a fiat currency it equals to 0.01, while for every cryptocurrency it is individual and depends on the currency itself.

For convenient and quick filling out of the selling form, if you click on any of the orders in the Order Book (BUY ORDERS), its parameters (Amount and Price) will be transferred to the SELL form. Recalculation of the form’s values (COST and FEE) is done automatically when focus on any of the input fields is lost.

BUYING CRYPTOCURRENCY

For buying cryptocurrency, the BUY form is used. It contains two input fields and two calculated fields that form a Buy Order when the BUY button is pressed. As a result of this, a buying position in the currency trade pair will be opened and the Order enters the Order Book. At the same time, the user’s account will be debited with the Order’s cost.

List of fields:

Qty - quantity of the Order. Amount of units of the trade pair’s first currency. For the trade pair BTC:UAH, this will be Bitcoin. There is a limit for the minimum amount in cryptocurrency in the Order and the maximum precision of the amount in cryptocurrency (maximum number of decimal digits). Maximum precision equals to the minimum amount in the cryptocurrency bought. For every cryptocurrency, it is individual. The minimum quantity of the order is regulated by the limits set at eXion.IO. For every trade pair it is different. Details about the limits can be found at the Finance page in the Limits and Fees chapter.

Price - price of the Order. This is the price of the bought currency in units of the trade pair’s second currency. For the trade pair BTC:UAH, this will be hryvnia. There is a limit for the maximum precision of the cryptocurrency’s price (maximum number of decimal digits) in the Order. Maximum precision equals to the minimum amount in the trade pair’s second currency. For a fiat currency it equals to 0.01, while for every cryptocurrency it is individual and depends on the cryptocurrency itself.

COST - value of the Order in units of the trade pair’s second currency. This value is calculated my multiplying the amount of the Order by its price. The Order’s cost rounding (maximum precision) depends on measurement units. For all financial calculations, eXion.IO uses the policy of rounding in favor of the Platform. eXion.IO rounds fiat currencies to two decimal digits. Rounding policy for cryptocurrencies varies depending on cryptocurrency itself. More details on rounding policy is available in chapter 14 of the Terms and Conditions. The user shall have enough funds on one’s account to form an Order.

FEE - transaction fee (commission) on the Order in units of the trade pair’s first currency. This value is calculated by multiplying the Order’s quantity by the commission of the trade pair’s first currency. For the trade pair BTC:UAH, this will be Bitcoin. Transaction fee (commission) shall be withdrawn from the amount of funds (either cryptocurrency or fiat currency), which will settle to the user’s account when a position is closed (deal made).

For every currency in the trade pair, as well for every trade pair, individual commission fees are set. Additionally, there exist user’s personal discounts for every trade pair set for the volumes of trade at eXion.IO for each pair separately. More details on commission fees for the trade pairs are available at the Finance page in the Limits and Fees section, or in chapter 13 of the Terms and Conditions.

Rounding of transaction fees (maximum precision) of the Order depends on units. For all financials settlements, eXion.IO uses the policy of rounding in favor of the Platform. eXion.IO rounds fiat currencies by two decimal digits. The rounding policy for cryptocurrencies varies depending on the cryptocurrency. More details on rounding policy are available in chapter 14 of the Terms and Conditions.

Minimum commission for the Order equals to the minimum amount in the trade pair’s first currency. For a fiat currency it equals to 0.01, while for every cryptocurrency it is individual and depends on the currency itself.

For convenient and quick filling out of the buying form, if you click on any of the orders in the Order Book (SELL ORDERS), its parameters (Amount and Price) will be transferred to the BUY form. Recalculation of the form’s values (COST and FEE) is done automatically when focus on any of the input fields is lost.

ORDER BOOK

Order Book – the main mechanism of the stock exchange. This is a table of limit Orders (applications) for buying and selling cryptocurrency at the stock exchange. Every Order contains the quantity of a cryptocurrency and its price (quotation). For the purpose of convenience, the Order Book is divided into two main parts: Buy Orders and Sell Orders. Sorting of Orders is done by the price and is ascending in the Sell Orders, while in Buy Orders it is descending.

List of fields:

AMOUNT - quantity of cryptocurrency in the Order in the Order Book.

PRICE - price (quotation) of cryptocurrency in the Order in the Order Book.

COST - cost of the Order in the Order Book.

The Order Book allows assessing offer and demand on the market at the current moment of time. In technical analysis, the order book is used for defining "the line of the least resistance" that the cryptocurrency follows. If Orders disappear fast, the price is considered to possibly follow that direction soon.

All orders in the Order Book are de-identified and do not stand out by any means. Contents of the Order Book is public information, yet it is available to the registered users of eXion.IO only. It is available both through the web interface of the stock exchange and via the Private API. For each trade pair, separate Order Book is formed.

OPEN POSITIONS AND DEALS

Every Order created by a user is treated as an open position for buying or selling cryptocurrency. All created orders get into the Order Book, where they cannot be distinguished from other orders. This is why users should control the list of their open positions in the Order Book themselves.

All open positions of a user on a certain trade pair are formed into the ORDERS SUMMARY table. Sorting of orders is done by the price and has got an ascending character.

List of fields:

DATE - date of opening the position (time of order creation).

AMOUNT - initial quantity of cryptocurrency in the Order when it was created.

BALANCE - current quantity of cryptocurrency in the Order at the moment.

PRICE - price (quotation) of the open position.

COST - cost of the open position based on the current quantity of cryptocurrency in the Order.

TYPE - type of open position: buying or selling cryptocurrency.

CANCEL - the button for cancelling the open position. When pressing on the "Х" pictogram next to the open position it will be cancelled and the Order will become deleted from the Order Book. Deposited cost of the Order based on the current quantity will be returned to the user’s account for the Buy Order. Otherwise the deposited current quantity will be returned to the user’s account for the Sell Order.

Exchange deal – agreement between the participants of the stock exchange trade in terms of buying or selling cryptocurrency during the exchange cryptocurrency trading. Making exchange deals at eXion.IO is done in the automatic mode based on the Order Book. In case two contrary Orders meet the conditions of one another in terms of price, a deal is made on their basis. The quantity of cryptocurrency in the deal is defined by the minimum quantity from the two contrary Orders participating in the deal. The stock exchange acts as a backer for the deal obligations fulfillment.

Fulfillment of obligations on all deals at the eXion.IO exchange takes place almost immediately. Parties receive to their accounts the whole amount from the deal with the transaction fee (commission) deducted. For every party, individual commission is calculated depending on the Order having participated in the deal. Transaction fee is withheld in the currency and from the funds that settle to the user’s account as a result of one’s position closed in a deal. Rounding policy and the minimum fee are described in chapters Selling Cryptocurrency and Buying Cryptocurrency in the description of the Transaction Fee (FEE).

While the minimum quantity is taken from the two contrary Orders when a deal is made, the open position can be closed partially. For the remaining quantity, a new Order is formed with the same parameters: type (TYPE), remaining (current) quantity (Qty) and price (Price). In fact, out of an open position only that quantity of cryptocurrency is closed that participated in the deal. The remaining quantity continues forming an open position with the same parameters. This is clearly seen in the difference between the AMOUNT and BALANCE fields in the ORDERS SUMMARY table.